FSA chief executive John Tiner has hinted that it could scrap RU64 in the next two weeks after telling the Treasury select committee many of the dangers that prompted the rules are no longer relevant and new measures are in place to stop misselling.
Leeds Building Society has launched a three year base rate tracker mortgage which is currently only 4.5 per cent, allows unlimited capital repayments without penalty and has no higher lending charge.
Aifa deputy director Fay Goddard has dismissed advisers’ calls for a product-based levy to fund the Financial Services Compensation Scheme. During a debate led by FSCS chief executive Loretta Minghella at Money Marketing Live earlier this month, several advisers argued that consumers should have to pay for the scheme through small additional charges on products. […]
I spent last Easter week in Paris with my wife Andrea celebrating our 30th wedding anniversary – that is three years less than I have been wedded to the financial services industry. While I can claim that my wife is beautiful, I am not sure the same is true of my career.Perhaps it is the […]
Norwich Union and HSBC have entered the pension term assurance market. NU has launched life insurance with tax relief and mortgage life insurance with tax relief on level and decreasing terms. HSBC has set up life cover with tax relief and mortgage cover with tax relief.
Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]